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1301  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: altcoin list of gambling ? on: May 02, 2012, 12:58:53 AM
There is an alt-coin gambling section in my gambling list Smiley

http://www.bitcointrading.com/forum/index.php?topic=260.0

your list is quite out of date, you should do a quick audit to clean out the dead links Wink
1302  Economy / Gambling / Re: mem's BITCOIN GAMBLING LIST (no 404's, Scams, Pyramid's or Ponzi's) on: May 01, 2012, 07:47:14 AM
updated bitcoinslots min bet.
1303  Economy / Currency exchange / Re: BitPiggy - bank account locked (temporarily) - orders are being held up on: May 01, 2012, 04:44:18 AM
Love the service Matt please dont get discouraged.

The bank did the right thing and your clients were slightly inconvenienced while stolen funds were tracked down.
Were it my stolen funds, Id want the same - this in no way detracts from your service Smiley
1304  Other / Off-topic / Re: Could Al-Qaeda use Bitcoin ? on: May 01, 2012, 04:32:47 AM
Get the fuck out of my thread, hate-mongers and idealists alike.

This is about Al-Qaeda and NOT another Soap-Box for either side to wage their Pro or Anti Islamic Wars.

Fuck me....

The ONLY reason I posted that link that I did, was as an example (hind-sight being 20/20....it turned out to be a BAD example of terrorism stats).

WAGE YOUR HOLLY WARS ELSEWHERE.

For anyone too fucking stupid to get 'THE JOKE' ....wrap your mind around this:

Remember when Luke Jr inserted prayers into the blockchain ? I MADE A JOKING REFERENCE TO IT BEING USED TO MESSAGE TERRORISTS.

I am not a fucking racist and I REFUSE to be lumped into that barrel of fucking Monkeys.

basically this ^^

Amen, so sick of seeing Stardusts patronizing posts about her persecuting Islam being shoehorned into every discussion possible.
Dont like it - great, get of your fucking laptop and go do something to help these oppressed women in Islam, wait what - your a spoiled western princess who wouldnt dream of stepping outside of her own safety zone to help others.......... shocking !!!.


Now in answer to op - they would be stupid not to, Its an excellent system for instant "near anonymous" global money transfer, on top of which your accounts cannot be frozen.
IMHO its every crime syndicates and money launderers wet dream.

We will soon know I guess if we see Al-Qaeda on Silk Road selling off their opium stock Wink

edit: as other members pointed out its quite likely bitcoin does not hold enough value to suite most large organizations for money laundering.

It could be on the rise in those circles, Id imagine it would be excellent for paying/sending money to an operative on a field mission who is in a city (lots of potential buyers).
Imagine Walt from breaking bad flashing a QR code to a bulk meth distributer, Jesse goes "yo' what are you waiting for man, bitcoin him biatch !".
1305  Economy / Trading Discussion / Re: betco.in's a ghost town now? on: May 01, 2012, 04:21:18 AM
please send me a PM when your site is back up.

I cant find my email and the amount was only ~0.096 - definitely seems like you have enough regular happy customers so forget my issue.

Ive currently placed it under pending in my gambling list, when its back up perhaps re-announce it in the forums Smiley

Good luck.
1306  Other / Beginners & Help / Re: Bitforce Single, ASIC & other questions... on: May 01, 2012, 02:43:11 AM
do what Im doing and buy up 2nd hand 5970's.
They have a ROI of about 3 months

That could be misleading.  Even if the cost of electricity is not being figured into the equation and you find a steal and pay only $350 for a good, working 5970, you are still close to 5 months.

If ROI is the term being used, then ROI is negative until the accumulated operating profits equal the amount invested.

So to calculate ROI you need to calculate operating profits.  The known variables of price per kWh, cost of the hardware and the hashing strength of the hardware are known.  What is unknown is future exchange rates and future difficulty levels.

At today's difficulty level a 5970 earns about half a bitcoin a day, and electricity at the U.S. average of $0.15 per kWh means it costs a little over a dollar a day in electricity, a little more when adding in the draw for the mobo/psu/display.   So that's about a year to reach breakeven, just on the cost of a GPU itself (0% ROI).  That is, assuming, the exchange rate to difficulty ratio doesn't doesn't move against you in the meantime.
 - http://beta.ivc.no/bitcoin/calc/#


Yep all factored in, I should quote that YMMV Wink
It also assumes constant prices etc which is false, just a rule of thumb.
Your electricity in the states is nearly as bad as mine in AU (0.22c) - I managed to save on power by running the miners at a commercial area that gets discounted rates Cheesy .

Ive been super lucky so far, my 1st two I scored for under $300 ea (got my eyes on another for $230 right now).

I should also note I push my 5970's very hard.

I guess I got the answer I was looking for here in post #2...

https://bitcointalk.org/index.php?topic=66314.0

Seems like BFL is intentionally trying to sound misleading.  The actual chips that do the mining work, the part that matters, is not ASIC compatible.  Only various components that connect to the board naturally are.  Kinda shady IMO.  BFL knows that ASIC is an exciting buzzword right now as it relates to bitcoins.  I wish they were more clear on that.

That is BFL through and through.
They are FPGA's with some little atmel chips on there which at a guess provide hardware monitoring and possible the uART's used to communicate with the FPGA. Thats where their asic claim comes from and you are correct it is intended to be purposefully misleading just like their advertised shipping times.

My electric rate is .11 kwh,mining with 1-6950 & 2-6970's I get 1.6 gh/s.They consume about 1000 watts together.It costs about 65% of my earnings to pay for the extra electricity.

With the BFL single's I can run almost 11 of them for the same amount @ 8.8 gh/s,reducing overhead by 8x Grin

I'm buying these (BFL's) with earned BTC from my GPU's (no more cash out of pocket,since buying the GPU's) & will sell off my GPU's when I get 2 BFL's running & will buy more as the BTC are earned.

ROI is about 4-5 months in my case because of my current GPU's making up the difference.I used 2 million as the difficulty @ $4 per BTC for my calculations.

As for Ztex,X6500 & other FPGA's (singles) the ROI is around 12-15 months,even with my GPU's helping.

Yes BFL's shipping time is crap,but I'm patient & willing to wait for them,the shipping times seem to be coming down slowly.

Hope my scenario helps you decide Cool

Good Luck Paladin69 !!!!!!!!! Wink

Thats a good plan and basically what Im doing (but about 8 months behind you). If you can keep your initial investment amount low things get much easier.
BFL currently is definitely the clear winner for pricing atm. Given their ~3month shipping (3 months of them grinding bitcoins out on your single to help pay production costs) delay it still has a better ROI time that any other FPGA currently.

Keep on mining them bits guys Wink
1307  Economy / Gambling / Re: [RAFFLE] Butterfly Labs Bitforce Single ~$600 - 5 days left! on: May 01, 2012, 12:58:36 AM
Raffles can only be done by charitable/non-profit organizations. In Florida, in particular, you can not require payment to enter any raffle. Some organizations get around this by asking for a recommended donation, but no payment can officially be required.
I'll bet that if you look into it, you will probably find that the law applies to raffles where tickets are sold for "money", I.E. USD. I doubt the government will give 2 shits about what they view as a raffle that is denominated in "internet funny money".

agreed, Gigavps your doing the right thing - better off being sure than sorry.
1308  Economy / Gambling / Re: SatoshiDICE.com - Verified rolls, up to 65,000x winning on: April 30, 2012, 07:59:40 AM
I see that fees are added to each payout transaction. In many instances where the wager was small, the fee paid on a payout for a losing wager is a higher amount than the payout.

That's gotta cut into the site's operating costs, to where some wagers place can never be serviced profitably?

Absolutely.  The way I see it, the low min bets are for making players comfortable with the system with low risk (for the player).  So yeah, we take a loss on those.

make sure they cant spam your site with tiny bets then.
You may have a competitor or a disgruntled user spam the site with tiny bets to attempt to drain your funds.

Will give the site a whirl tonight Smiley, come on 65,000x win Cheesy
1309  Economy / Gambling / Re: [RAFFLE] Butterfly Labs Bitforce Single ~$600 - 5 days left! on: April 30, 2012, 06:20:47 AM
How is running a raffle like this not illegal?
How is it illegal?

Raffles can only be done by charitable/non-profit organizations. In Florida, in particular, you can not require payment to enter any raffle. Some organizations get around this by asking for a recommended donation, but no payment can officially be required.
Oddly, not everyone here on the forum is in the USA ...

Location:   Olrando, FL

Oddly, Gigavps is from Florida the state in question ...

I sincerely doubt that anyone cares at this point in time but best to proceed carefully gigavps.
1310  Other / Beginners & Help / Re: Bitforce Single, ASIC & other questions... on: April 30, 2012, 05:36:13 AM
Take everything written on the BFL website (especially shipping dates) with a grain of salt.
If you were to order now, your delivery time would be ~3+ months (perhaps less if you are lucky).

With that in mind, for price per mH the BFL is the current winner.
You wont find cheaper product atm thats being manufactured and shipped.

Yes 8 months ROI is about standard (better than nearly any other investment opportunity out there currently), if you want a cheaper (but more power hungry) option do what Im doing and buy up 2nd hand 5970's.
They have a ROI of about 3 months and achieve similar mH speeds.

Impossible to predict what will happen when the reward halves, my guess is btc prices will go up but not double. Difficulty may drop a bit as smaller miners hop out of the market.

ASIC's are expensive to design, cheap to mass produce (FPGA's are the reverse).
Once an efficient ASIC design is completed expect all FPGA's to be put out of the market due to a lower priced ASIC.
This is a gross generalization but accurate enough I feel (hardware nerds feel free to flame my ignorance).

I wouldnt expect a dramatic speedboost a firmware update - but who knows.

Everyone feels like they missed the boat, I was moaning that a month ago then realized its basically the same to jump on board now as it was 1 year ago.

My advice, either order an FPGA with a realistic shipping time (if you can get one, they go like hotcakes) or scoop up some 2nd hand GPU's.
1311  Other / Beginners & Help / Re: Why I love IBB and so should you on: April 30, 2012, 04:29:36 AM
Why not "Bank of Bitcoins", regardless of the religion?

But of course, the more competition the better.


I supported and put an idea forward too for Jewish or christian bank of bitcoin , more competition , more 0% interest free loans - interest free banking the better.

great attitude.
1312  Economy / Gambling / Re: Bitcoin will be exchanged at a rate lower than $5/BTC at the end of April. on: April 30, 2012, 01:55:28 AM
Crazy, you can place a bet on this up until the last second before the event occurs  (midnight on the 30th Eastern time, which is 4am UTC).

So if you wait until right before the deadline you can essentially be guaranteed to win.

Did you read the rules?  It's time-weighted.

yep time weighted, as the time gets closer your bet odds get lower.
1313  Economy / Gambling / Bitcoin will be exchanged at a rate lower than $5/BTC at the end of April. on: April 29, 2012, 03:48:44 PM
http://betsofbitco.in/item?id=325

Might be a good time to place some bets, going to be a close one methinks.

1314  Economy / Gambling / Re: mem's BITCOIN GAMBLING LIST (no 404's, Scams, Pyramid's or Ponzi's) on: April 29, 2012, 03:25:02 PM
just added to pending: bitcoinslots, ultimacoin.

Shifted betcoin.eu to pending. Im in contact with the site owner resolving a lost bet now.
1315  Other / Off-topic / Re: I visited BFL, any questions ? on: April 29, 2012, 07:17:56 AM
Oh hey, look at that.  If you change your theme to the default SMF theme, you can see when people last edited posts.  

I find that feature very helpful:)

I assumed and was mistaken, well 1st time for everything I guess. Honestly I try to skim over any post Inaba makes due the hysterics, swearing and ridiculous amounts of insults.
I assume the "first insult" he took offence (and triggered his tantrum) was about the quality of movies Hollywood produces, got his panties in a twist and it was on from then on. It was just a passing joke, unfortunately he cannot take one it seems.
To clarify - the joke about hollywood was just that, not a targeted insult Inaba.

I can see from that you got out of sorts and took my next post to be an attack, its an incorrect assumption but I can see how you got frustrated and ended up there.

Best for myself to leave Inaba ignored, I (and many others) are sick of his inability to restrain his emotions when we are trying to have a civil discussion.

Lets get this thread get back to answering/(or not) any questions about BFL and move the focus away from Inaba's and myselfs public lovers tiff.
1316  Other / Beginners & Help / Re: Any suggestions on my current setup? on: April 29, 2012, 06:58:36 AM
yep, i got em on craigslist.  anyone have suggestions on how i can improve my mhash?  without having to invest too much

Good idea, I just scoured the aussie craiglist for radeon but unfortunately nothing (yet....).

Id also reccomend cgminer for automatic fan speed and gpu speed control (based on target temp).

I have a single 5970 (more on the way) that churns a steady 740mH with a target temp of 69c (oc'ed to 821mhz).

It could be worth checking out BAMT - it runs of a usb key (saves more power and dead easy to install). Remote control is supported quite well.
If nothing else, test a single machine on BAMT with a usb key - not happy, reboot and yank usb key Smiley
1317  Other / Beginners & Help / Why I love IBB and so should you on: April 29, 2012, 06:51:49 AM
0% interest loans.
Has been run for a decent time now, Ive seen 0 complaints regarding it.
The site operator imho is taking a massive risk.
Hopefully the Islamic people are the first of many religious groups to jump on the bitcoin bandwagon - the greater variety of users the better.

Heres hoping for an ABB (Atheist Bank of  Bitcoin).
1318  Economy / Gambling / Re: mem's BITCOIN GAMBLING LIST (no 404's, Scams, Pyramid's or Ponzi's) on: April 29, 2012, 06:45:47 AM
BFL raffle added.
1319  Economy / Gambling / Re: BitLotto raffle is 1 yr! May 2 a record breaker! Now over *320 BTC or 1,600 USD* on: April 29, 2012, 04:57:21 AM
bought my 2 tickets for the may the 2nd draw, the jackpot is certainly drool worthy.
1320  Economy / Gambling / Re: SealsWithClubs.eu - Active Bitcoin Poker Site, Open To All Players on: April 29, 2012, 04:54:19 AM
unable to connect atm, anyone else ?

Are you still unable to connect? Everything seems fine from here.

still unable, but about to crash for the night.
Will retry from a few other pc's in the house tomorrow (just updated this to latest ubuntu, could be causing some issues).

Yes, give me more details when you can. One possibility that comes to mind is that you got a different version of flash. I know there is a linux flash version that doesn't work.

False alert everyone - The latest ubuntu upgrade forked my chrome+flash installs.
Installing firefox now, thats for the quick response.

edit: the version of flash is: adobe-flashplugin                    11.2.202.228-0natty1

Looks like some old custom repo's causing issues.
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